Highlights
Last night (2 April 2019) the Treasurer, Mr Josh Frydenberg handed down the 2019-20 Federal Budget, being the last Budget of the current Coalition Government before the next (May 2019) Federal Election.
The cash budget surplus, the first in 12 years, is estimated to be $7.1bn for 2019-20 (up from $2.2bn as estimated last May) representing around 0.4% of estimated GDP. The budget position is predicted to improve over the forward estimates with a total of $45bn of surpluses over the four years to 2022-23.